GSMA recommends tax cuts for Telecom sector
Higher taxes mean lower purchasing power of an average consumer. (Groupe Spéciale Mobile) Association (GSMA) has set out a number of measures...
PSX ends the day flat, KSE-100 closes at 48,289
The day at the bourse started bearish with banks leading the index to fall to an intraday low of 531 points, however...
Border closure costing millions to businessmen
Businessmen are moaning the loss of hundreds of thousands of dollars following Pakistan’s closure of its border with Afghanistan on February 16,...
Capital Analytics, PSX collaborate to encourage research-based trading
Capital Analytics (CA) (subsidiary of Capital Stake), a fin-tech startup and the Pakistan Stock Exchange (PSX) have agreed to enter into a...
Govt raises Rs 284b through t-bills
The government managed to raise Rs 284b at an auction of market treasury bills (t-bills) on Wednesday, rejecting bids for 12-month papers...
World Bank sanctions grant worth $450m to Pakistan
The World Bank on Thursday approved a financial package worth $450 million to support the government in its efforts to help poor and...
Govt announces reform strategy for cross-border movement of goods under TFA
The government announced a reform strategy on Wednesday for cross-border movement of goods under the Trade Facilitation Agreement (TFA).
Commerce Minister Khurram Dastgir...
World Bank likely to give $200m loan for renewable energy project
The World Bank has initiated the process to approve a load of $200m for increasing the installed generation capacity of renewable energy...
Circular debt impacts fuel supply chain
The unending power sector circular debt has impacted the entire fuel supply chain in Pakistan, choking ports, refineries and down to railway...
Govt releases Rs 483m under PSDP against a total budget of Rs 800b
The federal government has released Rs 482.8b (60.4pc), including Rs122b foreign aid, for different development projects under the Public Sector Development Programme...
Pak to enhance air & rail links with Kyrgyzstan
Water and Power Minister Khawaja Muhammad Asif in a meeting with Kyrgyzstan Parliament Speaker Chynybai A Tursunbekov has stressed upon the need...
Abraaj Group likely to miss deadline for K-Electric deal
The Abraaj Group is likely to miss the deadline for the $1.8 billion deal to sell off its stake in K-Electric sale...
Pakistan, Indonesia likely to enhance product list under PTA
Indonesia and Pakistan are likely to add more products on the trade list to benefit from lower tariffs under the existing preferential trade...
CNG prices likely to drop in Punjab
Ghiyas Abdullah Paracha, central chairman of the All Pakistan CNG Association (APCNGA) is reported to have said that CNG prices are likely...
Govt likely to tax E-Commerce sector
The government is likely to consider taxing the e-commerce sector in an attempt to raise more revenue, media sources have reported. The...